New Delhi: Modi government has opened up India railway infrastructure projects to foreign investments as part of Make in India push. The Canadian transportation giant Bombardier is eyeing on some of the biggest projects under it.
The projects which Bombardier is fighting for is at least $7-8 billion that will come up for grabs over the next 5-7 years.
Bombardier has zeroed in on projects in four of its core areas of expertise, high and semihigh speed trains, locomotives, signaling systems and integrated urban transit systems such as metro, light rail vehicles (trams) or monorail projects.
The Montreal-based company, the world's third-largest commercial jet maker as well, is also planning to push its new short-haul commercial C Series aircraft in India, said Pierre Beaudoin, Bombardier's 52-year-old president and chief executive officer "as the market is coming out of its phase of turmoil and reorganisation," as quoted by ET.
"We have always been committed to India both in good times, and not so good times. As chief minister of Gujarat, Modi was very proactive to get us to invest in a plant in Savli, near Vadodara. That plant has worked extensively for the Delhi Metro and we have already shown that we can indeed make in India and still be competitive. But currently we are using 100% capacity to export to Australia, Brazil and Saudi Arabia," said Beaudoin, during a recent exclusive interaction with ET. "And now when I see Modi as the PM and his efforts to restart so many infrastructure projects, I feel upbeat."
Bombarider is the largest contractor for Delhi Metro, having received orders of close to $1 billion since 2007 for rolling stock (614 cars) and signaling solutions.
